Buy a Home!

home-infographic-web-trans     #1     Determine whether you qualify for our down-payment assistance program. See guidelines below. If you do not qualify for this program check out our our market rate homes. In order to qualify for these homes and receive up to $14,349 to put toward your down payment and closing costs, buyers must be considered low-to-moderate income based on federal calculations. Income level is calculated yearly and is determined by number of family members that will live in the home.
2016 Adjusted Gross Income Limits
# in Household Income Limit
1 person $36050
2 people $41200
3 people $46350
4 people $51500
5 people $55650
6 people $59750
7 people $63900
8 people $68000
#2       Get Down Payment Assistance Please download a free down payment assistance application.  Down payment assistance is provided through Neighborhood Housing Services of Oklahoma City and Community Action Agency of Oklahoma City.

Neighborhood Housing Services

Website Link

405-231-4663

Community Action Agency of Oklahoma City

Website Link

405-232-0199

In addition to the down payment assistance, buyers are required to contribute between 1% and 1.75% of the purchase price from their own funds. Click the links below for additional information on Positively Paseo's low-to-moderate income housing program. Lender/Realtor DPA Program Guidelines Homebuyer Assistance Information #3. Contact a lender (bank, credit union) to secure pre-approval for a home loan. Things to consider when applying for a loan: *  What is your monthly take-home income? *  What are you monthly bills (utilities, insurance, food, transportation, medical expenses, childcare, etc)? *  How much are you comfortable paying on your monthly mortgage? #4    Work with Positively Paseo staff to select your home. Do you want a historic home that has been completely rehabilitated or a brand new home? How many bedrooms/bathrooms do you need? contact us